Lazard Insiders' $28.8 Million Sale

Several sold off large positions related to the financial-advisory firm's IPO.

THE MERGERS-AND-ACQUISITIONS landscape is finally looking brighter after a virtual halt of activity when credit markets froze. Firms such as Lazard Ltd. (ticker: LAZ) are thought to be well positioned to profit from a resurgence in corporate activity. But a handful of top Lazard executives and officers are cashing in on the stock's run with a combined sale of $28.8 million in stock.